Stock Track | Olam Group Soars 6.18% in Pre-Market as Final Regulatory Approval Secured for Olam Agri Sale

Stock Track

04/16

Olam Group's stock surged 6.18% in pre-market trading on Thursday, following the company's announcement that it has secured the final regulatory approval needed for the proposed sale of its stake in Olam Agri Holdings Limited.

The company confirmed that all required regulatory approvals across jurisdictions are now in hand, clearing a key remaining condition for the completion of the transaction. The deal involves the sale of a 44.58% stake in Olam Agri to Saudi Agricultural & Livestock Investment Company (SALIC).

With the final hurdle cleared, the transaction is expected to complete in due course within the timeline set out in the share sale agreement signed in February 2025. This development removes significant uncertainty and moves the major corporate action closer to finalization.

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